SYSTEM AND METHOD FOR ASSIGNING A LINE OF CREDIT TO A CREDIT CARD ACCOUNT

European Patent Office Patent

APP PUB NO EP-1218856-A1
SERIAL NO

00957909

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Abstract

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A system assigns a credit limit to an account for a credit card of a card holder based on whether the card holder poses an acceptable risk. The system activates an account for the credit card, assigns an initial credit limit well below a tolerance level to the account, develops credit history data based on account activity during predetermined short intervals of time, evaluates the credit history data after each of the predetermined short time intervals, and determines whether to increase the credit limit of the account based on the evaluated credit history.

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Patent Owner(s)

Patent OwnerAddress
CAPITAL ONE FINANCIAL CORPUS

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Inventor(s)

Inventor Name Address
ROTMAN FRANK RICHMOND VA 23233

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